Occidental upsizes tender offer to $1.2B, accepts early tenders for notes

OCCIDENTAL PETROLEUM CORP /DE/

Increased aggregate cap from $700M to $1.2B; accepted $1.2B in tenders at March 4, 2026 early deadline.
Accepted $21.5M Zero Coupon 2036, $843.3M 6.125% 2031, and $335.2M (prorated 28.7%) 6.625% 2030 notes.
Obtained consent to amend 6.125% 2031 indenture; eliminated covenants and changed redemption notice to 5 business days.
Total consideration per $1,000: $612.42 (Zero Coupon 2036), $1,069.83 (6.125% 2031), $1,086.83 (6.625% 2030), including $30 early tender premium.
Tender offers fully subscribed; early settlement March 9, 2026; offers expire March 19, 2026.

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